5 Mistakes to Avoid When Making an Offer

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In competitive markets like Anacortes, making a strong offer that separates you from the rest can be difficult.  The team at Jean Groesbeck & Assoc. LLC is the Anacortes real estate experts and can assist with all of your buying and selling needs!

Here are 5 things that experienced brokers will advise its clients:

Delaying – Buyers need to be ready with their paperwork, including bank statements, a pre-approval letter and proof of funds from the beginning of their home search to ensure they can act fast when they find a house they’d like to purchase.

Making an offer for their approved amount – Buyers can prove financial strength by showing a pre-approval letter that does not have a set value on it. Having a pre-approval letter with the exact offer price on it when others are offering all cash can be a disadvantage.

Submitting a low offer – Submitting an offer that is too low and does not have data to support the numbers could offend the seller and turn them off from working with you to complete a deal.

Waiving inspection contingencies – If the inspection contingency is waived, you may lose your earnest money should you back out of the deal and having the home inspected before purchasing could save you money in the long run if there are any issues with the home.

Not presenting yourself well enough – Buyers need to take steps to ensure they look good in the eyes of the seller, so being nitpicky and pointing out every defect in the home could put you at a disadvantage if the home as multiple offers.

Team Groesbeck & Assoc. LLC is available daily for all of your real estate needs and can be reached at (360) 941-3734, Jean@JeanGroesbeck.com or visit our office in Old Town Anacortes at 809 7th St.

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